Whittier Trust Co. of Nevada Inc. Raises Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Whittier Trust Co. of Nevada Inc. grew its position in Datadog, Inc. (NASDAQ:DDOG) by 113.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,670 shares of the company’s stock after buying an additional 22,140 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Datadog were worth $5,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DDOG. Retirement Wealth Solutions LLC acquired a new position in Datadog in the fourth quarter valued at about $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. True Wealth Design LLC lifted its holdings in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in Datadog in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Up 1.8 %

DDOG stock opened at $105.03 on Friday. The company has a market capitalization of $36.00 billion, a P/E ratio of 205.95, a PEG ratio of 44.03 and a beta of 1.22. The business has a 50 day simple moving average of $126.97 and a 200-day simple moving average of $130.72. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In related news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now directly owns 195,667 shares in the company, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 626,412 shares of company stock worth $79,144,334 in the last quarter. Company insiders own 11.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Macquarie reiterated an “outperform” rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Citigroup decreased their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.